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Clean water to stimulate development

Country

Algeria

Sector

Infrastructure Components and Equipment

Senior Debt Provided

US$17 million

The availability of clean water can profoundly change lives and societies, improving health and hygiene, reducing domestic toil and raising crop fertility and reliability. Abundant, clean, available water can stimulate development in the food processing and tourism and hospitality sectors.

In Algeria, Hoch International is investing US$24 million in expanding its steel water pipe making factory. Such advanced, precision, high-quality manufacturing brings new skills to a predominately local workforce. Mocha’s facility will supply local and export markets. EAIF loaned Hoch US$17 million in 2012.

Other projects

The Emerging Africa Infrastructure Fund has to date invested in 58 projects in 17 countries.

Smart Energy Solutions – smart energy can go anywhere

Country: Africa / Sector: Power

Smart Energy Solutions (SES) operates a fleet of mobile electricity generators. In 2014, The Emerging Africa Infrastructure Fund loaned the business US$20 million to support its purchase of 40MW of new capacity and grow its business.

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Creating infrastructure to help Nigeria succeed

Country: Nigeria / Sector: Gas Infrastructure

When 7Energy subsidiary, Accugas, completes the Oron-Calabar gas pipeline and supporting infrastructure, it will supply two of south-eastern Nigeria’s power stations with more affordable fuel. EAIF was the project’s anchor investor. In 2014 it made a US$29.4 million loan to 7E.

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Kenya Power and Lighting investment attracts commercial bank support

Country: Kenya / Sector: Power

Regarded as one of the best run utilities in Africa, Kenya Power and Lighting Company is investing US$150 million upgrading, extending and maintaining its electricity transmission and distribution system. The company retails power to all sectors of the Kenyan economy and across the country.

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